Post office accident guard policy

→ Recently you heard about the 399 post office insurance scheme. Do you know what is Post Office Scheme 399? If not then you have to read this article to know about the recently launched 399 post office insurance scheme.

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Kiman assures you that after reading this article, you will get complete information about IPPB Group Accident Guard Policy.

Post office accident guard policy scheme

The Indian Post Office Department has started an insurance scheme for the people. Through this insurance plan, we can get insurance up to 10 lakhs at a premium of just Rs.399/-.

399 post office insurance scheme details

It is a group accident insurance scheme that provides us with accidental insurance for our life. We know that our life is precious. Sometimes, bad events happen in our lives and we cannot get various benefits without an insurance plan. So, we have to buy a group accident insurance plan.

Now, India Post Payments Bank (IPPB) has launched a group accident insurance scheme, in collaboration with TATA AIG Insurance and the Department of Post Office. It is also known as the 399 post office insurance scheme.

Only IPPB account holders can avail of the benefit of the 399/- Post Office Insurance Scheme. So, first of all, you have to open an IPPB account and then start a post office group accident insurance scheme.

Eligibility criteria for post office group accidental insurance plan

Indian Post Office Department has set the eligibility criteria for the 399 post office insurance schemes. You can watch it below.

First of all, the subscriber must have an IPPB account.
The age of the customers should be between 18 years to 65 years.

Post office Insurance scheme 399 features and benefits

We know that the post office group accident insurance scheme has a lot of benefits, which makes it the best insurance plan in India in 2022.

Learn about all the benefits.

When a death occurs within 1 year, it provides a 100% coverage limit of the sum assured.
It also includes permanent disability and partial disability coverage within 365 days.
It also includes Accidental Medical Expenses and Hospitalization Expenses if the accident occurred within a period of more than 24 hours.
It also provides educational benefits to the child of the insured in case of accidental death or permanent disability.
It offers family transportation benefits. When an insured person is hospitalized due to an accident and his immediate family comes to the hospital to meet him, all expenses for this travel are claimed.
It also covers OPD expenses in case of an accident.
It also provides daily benefits to the insured who is hospitalized due to an accident.

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Post Office Insurance Scheme 399 plan details

Post Office Group Accidental Insurance 2 type plans

GAG Insurance Basic Option Plan
GAG Insurance Premium Option Plan

1. GAG Insurance basic Option Plan

This is the Group Accidental insurance plan of the basic plan. The premium of this plan is 299/-

Accidental Death	10 Lakh
Permanent Total Disability	10 Lakh
Permanent Partial Disability	10 lakh
Accidental Dismemberment and Paralysis	10 Lakh
Accidental Medical Expenses IPD	Fixed up to Rs 60,000 or actual claims whichever is lower
Accidental Medical Expenses OPD	Fixed up to Rs 30,000 or actual claims whichever is lower
Policy Premium	299

2. GAG Insurance Premium Option plan

premium plan Group Accidental insurance plan. The premium of this plan is 399/-.

Accidental Death Coverage	10 Lakh
Permanent Total Disability coverage	10 Lakh
Permanent Partial Disability coverage	10 Lakh
Accidental Dismemberment and Paralysis coverage	10 Lakh
Accidental Medical Expenses IPD	Fixed up to Rs 60,000 or actual claims whichever is lower
Accidental Medical Expenses OPD	Fixed up to Rs 30,000 or actual claims whichever is lower
Education Benefit	10% of SI or Rs 100000 or Actual whichever is lower for a maximum of 2 eligible children
In-Hospital Daily Cash	Rs 1000 per day up to 10 days (1 day deducible)
Family Transportation Benefits	Rs 25000 or actuals whichever is lower
Last Rites Benefit	Rs 5000 or actuals whichever is lower
Policy Premium	399/-

399 post office insurance scheme plan online Apply

If you are already an IPPB customer, you can easily apply for the 399/- post office scheme. To apply for this just follow the procedure given below.

First of all, you have to visit your nearest IPPB branch.
Tell the bank staff, you are an IPPB customer and want to get 399 post office insurance scheme (contingent)
Bank staff will check your basic details and they will apply for
After that, a confirmation message will be received on your registered mobile number containing the insurance policy number and other details.

399 post office accidental insurance plan not covered?

The below-listed situation/death/accident will not be covered. These are as under-

Suicide
Military services or operations
War
Illegal act
Bacterial Infections
Disease
AIDS
Dangerous sports

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Today I told about the 399 post office insurance scheme and its features. You can also check here how to apply for post office insurance scheme 399. To protect yourself under accidental coverage, you need to buy a 399 post office insurance policy.